Tag: RMI

Sustainable Concrete Buyers Alliance Launches to Accelerate Adoption of Low-Carbon Building and Infrastructure Materials

Stuart Mitchell

In a landmark step for the cement and concrete sector, RMI (founded as Rocky Mountain Institute) and the Center for Green Market Activation (GMA) recently launched the Sustainable Concrete Buyers Alliance (SCoBA), bringing together founding members, including Amazon, Prologis, and Meta, alongside other leading organizations to accelerate adoption of low-carbon cement and concrete for 21st century buildings and infrastructure. SCoBA is the first buyers group formed to collectively procure environmental attribute certificates for low-carbon concrete, aiming to turn demand into real-world offtake agreements that enable producers to invest at scale…

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New Carbon Data Standards Initiative to Aid and Scale Carbon Markets

Stuart Mitchell

A group of 30 leading businesses, nonprofits and public sector organizations have joined forces to help facilitate and scale carbon markets by launching an open, multi-stakeholder initiative to develop a protocol that harmonizes the definitions and rules that standardize data describing carbon crediting projects and carbon credits across markets, geographies and activity types.      The group’s Carbon Data Open Protocol (CDOP) aims to create the processes and definitions for greater standardization, transparency and fungibility to improve integrity and dramatically scale carbon markets, according to the committee-led initiative’s four co-chairs, The Global…

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WFW advises RMI and leading banks pro bono on developing Pegasus Principles

Stuart Mitchell

Watson Farley & Williams (“WFW”) is delighted to have acted as sole legal advisor on a pro bono basis to RMI and a working group of banks, comprising BNP Paribas, Citi, Crédit Agricole CIB, Societe Generale and Standard Chartered (the “Working Group”), on the development and launch of the Pegasus Principles, a first-of-its-kind framework enabling banks to independently measure and disclose their aviation lending portfolios’ emissions. WFW has been advising RMI and the banks on the principles since their early development. The Pegasus Principles represent the first climate-aligned finance framework…

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WFW advising RMI and leading banks on development of aviation climate-aligned finance framework

Stuart Mitchell

Watson Farley & Williams (“WFW”) is advising RMI and a group of leading banks on the development of a climate-aligned finance (“CAF”) framework to support decarbonisation in the aviation sector. The lenders involved include Bank of America, BNP Paribas, Citibank, Crédit Agricole CIB, Société Générale and Standard Chartered Bank who are partnering with RMI’s Centre for Climate-Aligned Finance as part of an Aviation Climate-Aligned Finance Working Group (the “Working Group”) to create the CAF framework. The CAF framework represents a commitment by participating financial institutions to annually assess and disclose,…

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Maritime sector and green hydrogen leaders agree on ambitious targets and collaboration to reach zero emissions global shipping by 2050

Stuart Mitchell

Ten organizations signed the Joint Statement on Green Hydrogen and Green Shipping, committing to rapid adoption of green hydrogen-based fuels this decade to get on track for full decarbonization of the shipping sector by 2050, and calling on policymakers to help achieve the ambitious targets. Leading organizations and initiatives across the shipping value chain, joined by the  largest producers of green hydrogen, signed on to a joint statement at COP27, committing to the rapid and ambitious production and use of low-carbon fuels based on green hydrogen to accelerate decarbonization of…

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